Global Gummy Vitamin Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Gummy Vitamin Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Category (Prenatal, Kids, and Adults), Type (Single Vitamins, (Vitamin C, Vitamin D3, Biotin, Other Types), and Multivitamins), Distribution Channel (Supermarkets/Hypermarkets, Pharmacies and Drug Stores, Online Retail Stores, and Other Distribution Channel), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Gummy Vitamin Market was valued at USD 8,081.9 million in 2023 and is expected to reach USD 20,736.4 million by 2031 while growing at a CAGR of 12.5% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global gummy vitamin market growth. Gummy vitamins, chewable candies fortified with vitamins and minerals, offer a palatable alternative for those who struggle with swallowing pills or prefer a more enjoyable way to supplement essential nutrients.
Increasing consumer preferences for convenience and health and wellness trends drive the growth of the gummy vitamin market. However, obstacles such as formulation challenges and regulatory compliance may hinder market expansion.
Furthermore, the global gummy vitamin industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Category Analysis
The Global Gummy Vitamin Market is segmented among Prenatal, Kids, and Adults, based on Category. In 2023, Kids accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Type Analysis
The Global Gummy Vitamin Market is segmented among Single Vitamins, and Multivitamins, based on Type. In 2023, Multivitamins accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Gummy Vitamin Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Europe dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are Church & Dwight Co. Inc., Reckitt Benckiser Group PLC, Nestle SA, Unilever PLC, Otsuka Holdings Co. Ltd, Bayer AG, Amway Corp., BIOSCHWARTZ LLC, Dr. Willmar Schwabe GmbH & Co. KG, and Vitakem Nutraceutical Inc.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Gummy Vitamin Market Dynamics
Drivers
Restraints
Opportunity
4. Global Gummy Vitamin Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Gummy Vitamin Market Segmentation, By Category
Global Gummy Vitamin Market Share Analysis, By Category
Global Gummy Vitamin Market Growth Analysis, By Category
Global Gummy Vitamin Market Trends, By Category
o Prenatal
o Kids
o Adults
6. Global Gummy Vitamin Market Segmentation, By Type
Global Gummy Vitamin Market Share Analysis, By Type
Global Gummy Vitamin Market Growth Analysis, By Type
Global Gummy Vitamin Market Trends, By Type
o Single Vitamins
Ø Vitamin C
Ø Vitamin D3
Ø Biotin
Ø Other Types
o Multivitamins
7. Global Gummy Vitamin Market Segmentation, By Distribution Channel
Global Gummy Vitamin Market Share Analysis, By Distribution Channel
Global Gummy Vitamin Market Growth Analysis, By Distribution Channel
Global Gummy Vitamin Market Trends, By Distribution Channel
o Supermarkets/Hypermarkets
o Pharmacies/Drug Stores
o Online Retail Stores
o Other Distribution Channels
8. Global Gummy Vitamin Market Segmentation, By Region
Global Gummy Vitamin Market Share Analysis, By Region
Global Gummy Vitamin Market Growth Analysis, By Region
Global Gummy Vitamin Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
9. Competitive Landscape
Church & Dwight Co. Inc.*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Reckitt Benckiser Group PLC
Nestle SA
Unilever PLC
Otsuka Holdings Co. Ltd
Bayer AG
Amway Corp.
BIOSCHWARTZ LLC
Dr. Willmar Schwabe GmbH & Co. KG
Vitakem Nutraceutical Inc
*Similar analysis will be provided for each company listed above.